A Forward Contract Differs from a Futures Contract in That

question 28

Multiple Choice

A forward contract differs from a futures contract in that:

• A)a forward contract is for a shorter period of time.
• B)a forward contract does not specify the selling price.
• C)a forward contract does specify the selling price.
• D)a forward contract is non-binding.

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Definitions:

Post Offices

Governmental or private establishments where postal services such as mail receipt, dispatch, and delivery are handled.

Bureaus of Vital Statistics

Government agencies that record and maintain essential documents, such as birth, death, marriage, and divorce records.

Banks

Financial institutions licensed to receive deposits and make loans, and they offer various other financial services.

Bureaus of Vital Statistics

Government agencies tasked with recording and maintaining essential records of births, deaths, marriages, and divorces.